Delta Holding still waiting for permits for realization of three projects in Belgrade worth EUR 400 million – Company's 1H 2018 revenues amount to RSD 30.1 billion

Delta Holding has prepared the money for the construction of a new office building, the shopping mall Delta Planet in Autokomanda and Delta Center in block 19, but it is still waiting for all the necessary permits. As said at the presentation of the company's business results in the first half of the current year, which took place on July 16, the company has not given up on the projects planned in the capital of Serbia.

– We are talking about the construction of a new Delta Holding office building, the Delta Planet shopping mall in Autokomanda and Delta Center in block 19, which will contain an InterContinental hotel, an exclusive office building, luxury retail space, restaurants and 600 parking spaces – said Zorana Zdrale Burlic, the CEO of Delta Real Estate.

The value of the three investments, as she said, exceeds EUR 400 million.

– The funds have been set aside and we are ready to open all three construction sites within 15 days of the obtaining of the building permits – Burlic pointed out, without specifying when this might happen.

In addition to projects in Serbia, Delta has also announced the opening of the Delta Planet shopping mall in Varna in the fourth quarter of the current year, as well the opening of Delta Planet in Banjaluka in the first quarter of 2019.

The company's revenues in the first six months of 2018, as said at the presentation, amount to RSD 30.1 billion, and EBITDA is RSD 2.6 billion. The biggest share was realized by Delta Agrar (47%), followed by Delta Distribucija (32%), and RSD 5.4 billion was paid to the budget of the Republic of Serbia.

Hotels

Zivorad Vasic, Vice President of Delta Holding, especially emphasized the results of Hotel Crowne Plaza, which, as he said, takes first place when it comes to employee satisfaction among all IHG hotels in Europe and third place when it comes to client satisfaction.

– With over 50,000 overnight stays in the first six months of this year, Hotel Crowne Plaza has an average occupancy of 71.5%, which means that, if you have 420 rooms, 280 were occupied each day in the first six months of 2018 – Vasic said.

The results of the operations of Hotel Holiday Inn Belgrade were presented as well. Its average occupancy in the first six months of 2018 stands at 75%, up from 65% in the same period last year. The revenues of Hotel InterContinental Ljubljana in the first half of the current year amount to EUR 4 million, with an average occupancy of 61%.

Agrar

Delta Agrar, which, as said, achieved record results in the agrarian sector, especially when it comes to rapeseed yields of 4.5 t/ha and mercantile wheat yields of 8 t/ha, contributes the most to the company's results.

As they reminded, the realization of investments of a total of EUR 17.8 million in livestock breeding, sheep farming, reconstruction and modernization of farms, expansion of orchards in Zajecar and new mechanization is in progress. The value of the exports in the first two quarters, as said, amounted to EUR 28 million.

In his conversation with eKapija, Ivan Kostic, Vice President of Delta Holding and CEO of Delta Agrar, points out the importance of the Pink Lady apple variety, which is produced in Europe by five countries. This variety, he points out, has the same importance in fruit production as Coca-Cola does in the soft drink sector, and Delta has an exclusive agreement for the distribution of Pink Lady apples to the Russian market.

Kostic also points out the importance of the Viking technology, implemented in milk cow selection. These are Holstein cows, which, as he says, give 40 liters a day, that is, 12,000 liters a year.

– The plan is for our two farms, in Stara Pazova and Banatska Topola, to deliver over 20 million liters by 2020 – Kostic said.

It was pointed out at the conference that the sale of vehicles at Delta Motors had increased by 5.4%, at that the sale of motorcycles had increased by 27%. The BMW salon has been renovated, providing, among other things, virtual presentation of cars, whereas Delta Auto has recorded a growth of the sale of vehicles by 17%.

Furthermore, the first quarter of 2018 at Delta DMD was marked by organizational restructuring, which has resulted in a growth of EBITDA by 93%. As said, contracts with Diageo and Ferrero have been extended, and a contract with GSK has been signed. Delta Transportni Sitem has realized a growth of revenues of 17%.

Delta Holding d.o.o. Beograd

Delta Real Estate d.o.o. Beograd

Delta Agrar d.o.o. Beograd

Delta motors doo Beograd

Delta planet d.o.o. Beograd

Delta DMD Beograd

Hotel Crowne plaza Beograd

DELTA HOSPITALITY DOO BEOGRAD - OGRANAK HOLIDAY INN BEOGRAD

Hotel InterContinental

Crowne Plaza

InterContinental Ljubljana

construction of shopping center in Autokomanda

construction of Delta Planet shopping mall

Delta Planet

Delta Center

construction of Delta Center block 19

project Delta Center block 19

Zorana Zdrale Burlic

Zivorad Vasic

Ivan Kostic

Viking technology

Pink Lady apples

export of apples